Kraft Heinz considers selling Oscar Mayer
Kraft Heinz is reportedly exploring a sale of its Oscar Mayer business, with potential earnings of $3bn to $5bn, as per the Wall Street Journal....
Category : Finance
Canada sees the launch of Lactalis’ new plant-based drink line
Lactalis, a prominent player in the food and beverage industry, has recently introduced a new line of plant-based “high protein” drinks in Canada. The Enjoy...
PAI Partners in discussions with investors for additional funding for Nestlé joint venture
Private-equity firm PAI Partners is reportedly in discussions with investors for a new fund to house its 50% stake in the Froneri ice cream joint...
Fraser & Neave Holdings to Construct a Dairy Plant in Cambodia
Fraser & Neave Holdings, a Malaysia-based company, is expanding its presence in Cambodia by establishing a new dairy factory. Singapore-based Fraser & Neave Ltd, the...
Local peer Kunzler acquired by US pork producer Clemens Food Group
The US-based pork producer Clemens Food Group has acquired local peer Kunzler & Company. This strategic acquisition will add three more processing facilities to Clemens’...
SunOpta considers mergers and acquisitions as increased volume growth brings debt target closer into reach
In the food and beverage industry, SunOpta is experiencing volume-driven growth, positioning itself for potential mergers and acquisitions as it nears its debt leverage target....
Monde Nissin faces new challenges as Quorn sales decline in UK due to rise in meat-free alternatives
In the food and beverage industry, Monde Nissin continues to face challenges with its meat alternatives business, particularly with its Quorn brand, as sales declined...
Lancaster Colony eliminates bakery brands and closes down facilities
In an effort to focus on core products and channels, US food group Lancaster Colony has ceased production of its Flatout and Angelic Bakehouse bakery...
Rubicon expands its product range by acquiring Lucky Spoon Bakery, now offering gluten-free options
US-based Rubicon Bakers has ventured into the gluten-free market by acquiring local peer Lucky Spoon Bakery. Lucky Spoon produces gluten-free items like cakes, cupcakes, and...
Orkla expands Bubs confectionery plant in Sweden through investment
Orkla, a Norway-based food maker, is investing Skr20m ($1.8m) to expand its Bubs confectionery factory in Sweden. The expansion of the Bubs factory in Jönköping...